Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties)

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Rainmaker
698,927
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Absolutely NO.  I would tell the lender that it's time we started looking at less expensive properties........and bye bye.

Jul 12, 2015 11:48 AM
Rainer
230,518
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

no, and before i am typing the answer (all two letters) i am thinking i am on the phone to a couple people... the lenders boss , and my pastor because i am going to need his forgiveness after i kill the mortgage guy

Jul 12, 2015 12:43 PM
Rainmaker
2,826,031
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

No. Good Lord, no lender should ever ask me to do that. If the buyers don't have the money they should not be buying the house. 

Jul 12, 2015 12:21 PM
Rainmaker
1,717,942
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

NO!!!

Jul 12, 2015 12:00 PM
Rainmaker
212,530
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Nope, never had a lender ask me, that is kind of unprofessional if they would I think.

Jul 12, 2015 12:00 PM
Ambassador
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Debbie, oh my!  They wouldn't dare!  So I guess my answer would be "no"!

Jul 12, 2015 11:20 AM
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

No and I would never do that. 

Jul 12, 2015 11:31 AM
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Not yet.  The Lenders I really like working with would never think of doing so.

Jul 12, 2015 09:18 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

You made a smart choice Debbie, it degrades the profession every time that a professional pulls money out of their pocket to cover a house for someone who is buying something they cannot quite afford.

Maybe they should have bought a less expensive home...

 

Jul 12, 2015 01:03 PM
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I've volunteered to give a home buyer credit.

Problem is, what happens if the water heater dies after settlement.  Folks with NO MONEY shouldn't be taking on home ownership responsibilities and risks.

Jul 13, 2015 12:48 AM
Rainmaker
780,393
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

You bet!

AND I am willing under one condition....the lender make matching contribution.

The scoundrels NEVER do, therefore I never have to.

Yes, I know they say they can not....but they do have options.

Jul 12, 2015 10:50 PM
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

No never! And if they did, my answer would be no, never... cut your own fee!

Jul 12, 2015 10:25 PM
Rainmaker
758,562
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No, but I did have a loan officer call me once and explain that X price was the max they could approve a buyer for on a townhouse buyers wanted, and mentioned that " maybe you agents can figure out a way to make the deal work".

Jul 12, 2015 09:46 PM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

No way.  

Jul 12, 2015 09:30 PM
Rainmaker
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Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Oh, my goodness, REALLY?  After I stopped laughing, I would say, no, sorry. 

Jul 12, 2015 08:30 PM
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Debbie. That is a bit crazy, but nothing in this business should surprise any of us.

Make it a great week!

Jul 12, 2015 08:15 PM
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Monday morning Debbie. No, I have had agents asked me to cut what I charge for inspections though. I asked them are you going to reduce your commission? I get no for an answer.

Jul 12, 2015 06:53 PM
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I've never had a lender ask me to do that. WOW. 

Jul 12, 2015 03:51 PM
Rainmaker
686,759
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

How unprofessional is that of the lender? And sounds like the buyer wasn't quite forthright with the lender either if he's already installing a pool.

Jul 12, 2015 03:48 PM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

No I haven't.  I don't think I'd want to do business with that lender again.

Jul 12, 2015 02:05 PM
Rainer
198,597
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

No.  Sounds like the lender wanted you to pay for their mistake.  Glad it worked out for you.

Jul 12, 2015 01:38 PM
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I am still reeling from the gall of the lender. This week the buyer is ready to install a pool. Go figure.

Jul 12, 2015 01:10 PM
Rainer
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Adam Elswick
Keller Williams Premier Ohio Sales Team - Brunswick, OH
Just call Adam

Why would a lender close on the deal if the buyers ALREADY can't come through with their commitments? I would tell them absolutely not, and to never ask another professional that again!

Jul 18, 2015 02:21 PM
Rainer
7,995
Jacklyn Van Hoef
Fortune International Realty - Miami, FL
Specializing in Residential and Commercial sales.

No not at all, the buyer shouldnt be looking at properties they cannot afford.  Also it is not the lenders position to tell you to cut your comissio.  Frankly, that is very unprofessional of the lender to do that to you.  Commision cuts would only be something discuessed between buyer and their agent. The only time I would EVER even consider lowering my commision is if I was representing both the buyer and seller and it would stil have to depend on the situation. 

Jul 18, 2015 04:41 AM
Rainer
1,410
LAWRENCE ZUKAS
UNLIMITED REALTY INC - Chicago, IL
REO,Residential Sales, Luxury Homes, First Time

Never

Jul 16, 2015 08:44 AM
Rainer
2,410
Anna Ganev
Long and Foster Real Estate, Inc - Rockville, MD
Associate Broker in MD, DC and VA

Never in my 15 years of work like real estate agent. I am licensed in MD, DC and VA. I haven't heard any one of the agents around me to have been asked to cut their commission.

Jul 16, 2015 08:24 AM
Rainer
2,310
Michael Pulkowski
HomeSmart - Scottsdale, AZ
15 years experience. Phoenix Metro and Scottsdale

Yes. A two fold answer to this question. First, if I cannot even negotiate a good deal for myself how do you think I will do negotiating for you? Secondly, when you use me as your Realtor I will net you more money  using my superior negotiating skills.

Jul 16, 2015 07:57 AM
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Clarke Stewart
Brokers/Agent - Coeymans Hollow, NY
I have direct contact to genuine providers of BG,

No

Jul 15, 2015 10:37 PM
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Corey Baran
Weichert Realtors Rebhan & Associat - Charlotte, NC
Walk-able neighborhood specialist!

I have never personally had this happen.  The only time I have heard of this situation was when the property was bank-owned.

Jul 14, 2015 05:17 AM
Rainmaker
3,424,258
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

No.  I guess there is a first time for everything.  I agree with Lenn Harley if there is a difficulty for a buyer over a few hundred dollars, I wonder why they are buying a home.  

Jul 13, 2015 09:22 AM
Rainmaker
162,995
Rhonda Burgess
Southern Living Realty Partners - Smyrna, TN
Moving to Nashville TN Real Estate Specialist

Being a former mortgage broker myself, I know there is always a way to make the deal work.  The lender shouldn't have asked you for that money.  It's very unprofessional and unnecessary. 

Jul 13, 2015 02:32 AM
Rainmaker
1,383,927
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Debbie Reynolds No, this has never happened to me. Interesting how the lender solved the problem once you declined to give up your fee.

Jul 12, 2015 11:40 PM
Rainmaker
2,433,092
Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

No,  I have ever been approached with that one before.

Jul 12, 2015 11:40 PM
Rainmaker
745,917
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

I would be wanting to know why the lender did NOT catch that upfront that the Buyers funds were thin?

Jul 12, 2015 11:28 PM
Rainmaker
724,401
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

I've never been asked to contribute and I don't think I would agree to such a deal.

Jul 12, 2015 11:19 PM
Rainmaker
335,661
Jenna Dixon
DRA Homes | Cobb County Real Estate - Marietta, GA
Empowers You With a Better Real Estate Experience

No, I've never had a lender ask me. A buyer, a seller, a co-broke...yes.  Typically if it comes does to the day before closing and the LO has a cash to close problem, the LO will do just what yours did, cut a fee, reduce an interest rate, or otherwise rebate enough of their fees to get it over the hump. It just when a lot better had she just done so without the unnecessary conversation.

Jul 12, 2015 11:14 PM
Rainmaker
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Ginger Harper
Coldwell Banker Sea Coast Advantage - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

Only in a short sale.  It was either do that or it would not close..

 

Jul 12, 2015 11:07 PM
Rainer
208,276
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

Wow.... I'm speechless. Never happened and if it did I'd file a complaint.

Jul 12, 2015 10:31 PM
Rainmaker
1,157,274
FN LN
Toronto, ON

Never been in that situation.

Jul 12, 2015 05:11 PM